Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Dynamo Sale on the Horizon
Houston Chronicle, November 28th, 2007 5PM

MOST READ

MOST COMMENTED

Major League Soccer wants Anschutz Entertainment Group to sell the Houston Dynamo because the sports and entertainment conglomerate also owns the Los Angeles Galaxy, the league's most recognizable team. According to the Houston Chronicle, a group including the Olympic boxing gold medalist Oscar de la Hoya is interested in acquiring the two-time MLS champ, although the official word from Dynamo President Oliver Luck was "no comment" per a signed confidentiality agreement.

However, prior to any sale, AEG wants to secure the Dynamo's long-term future in Houston. In the next few weeks, the company plans to finalize a deal to build a new stadium in the downtown area. Part of that deal would include a non-relocation provision requiring the new owner to pay a steep penalty for relocating the team.  AEG plans to build a 22,000-capacity open-air stadium in the middle of downtown, between the George R. Brown Convention Center and Minute Maid Park, home of the NBA's Houston Rockets. The project would cost between $70 and $80 million.

City officials added credence to rumors of a possible sale. "We are not oblivious to this situation," said Andy Icken, the city's deputy chief of public works, who's in charge of negotiating a stadium deal. "We will put protective language into any agreement." Meanwhile, MLS Commissioner Don Garber dismissed his own comments made in a New York Times report about the probable sale of the club, saying it would be "very speculative and inappropriate" to suggest that a sale was imminent.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Xavi: I Want to be Like Pep     
In an interview with Spanish paper El Pais, Barcelona midfielder Xavi reveals that he wants to ...
Report: Odegaard to Sign for Bayern Munich    
Norwegian wonderkid Martin Odegaard turned 16 on Wednesday, and reports in Germany claim that the Stromsgodset ...
Report: Falcao Wants to Stay, United Unsure    
In an interview with the Guardian, Radamel Falcao says he wants to stay at Manchester United, ...
Real Coasts into Club World Cup Final     
Sergio Ramos, Karim Benzema, Gareth Bale and Isco bagged the goals as Real Madrid coasted into ...
Mourinho Hails Fabregas as Blues Cruise into Semis    
Jose Mourinho singled out Cesc Fabregas for praise following the Spanish midfielder's man-of-the-match performance in Chelsea's ...
Howard Amends Book Following Friedel Dispute    
USA No. 1 Tim Howard accepts that Brad Friedel did not try to block his move ...
Saints Lose Fifth Straight     
Southampton lost its fifth-straight game in all competitions on Tuesday as League One side Sheffied United ...
Ander Herrera: I Have Never Fixed Games     
Manchester United midfielder Ander Herrera insists that he has never been involved in game-fixing after he ...
Roma Fury at Fine, Garcia Ban     
AS Roma on Monday was fined 20,000 euros ($25,000) and its coach Rudi Garcia was banned ...
Report: Actual Cost of Suarez's Barca Move: $315 Million     
Luis Suarez's move from Liverpool to Barcelona last summer topped Goal.com's 2014 Goal Transfer List study, ...
>> Section 2 Around the Net Archives